ICS: ACP Canal Fee Increase 'Unacceptable'

ICS Press Release
Friday, May 25, 2012
ICS Secretary General Peter Hinchliffe

Plans to increase toll charges for the Panama Canal are ‘rushed, excessive and likely to cause further problems for shipping companies’ given the fragile state of economic recovery, say shipowners.

 

The International Chamber of Shipping has sent a strongly worded letter to the Panama Canal Authority (ACP) describing plans to increase tolls by up to 15% as ‘simply unacceptable’. ICS calls for the plans to be withdrawn and for future increases to be given with at least six months’ notice to enable shipping companies to plan properly and fully assess the impact of the proposed changes. The International Chamber of Shipping (ICS) is the principal international trade association for shipowners, with member national associations from 36 countries representing all sectors and trades and over 80% of the world merchant fleet.

 

The ACP published plans to increase its tolls last month, despite assuring industry clients in January there would only be one small adjustment to tolls before completion of the expansion project in 2014. Toll increases could come into effect as early as 1 July if agreed at a public hearing at the end of this month. ICS Secretary General, Peter Hinchliffe, said there was ‘no pressing need’ for the increases given that ‘canal revenues are currently very healthy’.

 

Mr Hinchliffe pointed out that while the Panama Canal is an important national asset to Panama, it also remains an essential part of international public infrastructure crucial to the smooth operation of the global supply chain and should ‘take this important public role into account when setting tolls’.

 

“While the ACP proposal analyses the impact of the toll rises on the competitiveness of commodity trades, no account is taken of the impact on shipping companies themselves…..many of whom are still forced to run ships at a loss in order to remain in the market,” he said.

 

“We therefore request that the ACP rescind the current plans for increases in the next two years and concentrate on developing a toll structure that can be to the benefit of all parties to be introduced in late 2014.”
 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Amid Yemen Chaos, China Lifts More Oil

China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

Ocean 3 launched at the AGCT, Rijeka

China Shipping Container Line’s (CSCL) Xin Qin Huang Dao recently made its maiden call at the Adriatic Gate Container Terminal (AGCT), International Container Terminal Services, Inc.

Finance

Keppel FELS Delivers 11th Jackup to Mexico

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered a KFELS B Class jackup rig to Mexican national oil company,

CMA CGM to Add Ships, Pursue More Economies

CMA CGM, the world's third-largest container shipper, announced on Monday plans to order three giant vessels and said higher volumes and profit last year showed

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

People in the News

Keppel FELS Delivers 11th Jackup to Mexico

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered a KFELS B Class jackup rig to Mexican national oil company,

China's Air Drills Roil South China Sea Waters

China's air force conducted its first drill above the western Pacific Ocean on Monday, the Defence Ministry said, in a move that could exacerbate tensions with

Amid Yemen Chaos, China Lifts More Oil

China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country

Logistics

Amid Yemen Chaos, China Lifts More Oil

China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country

CMA CGM to Add Ships, Pursue More Economies

CMA CGM, the world's third-largest container shipper, announced on Monday plans to order three giant vessels and said higher volumes and profit last year showed

Reopening Date of Libya Oil Ports Uncertain

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2435 sec (4 req/sec)